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Costs of climate change, state-by-state: Billions, says UMD
Date:7/23/2008

ransportation and consumptive behaviors that are not in synch with past and current climatic conditions. These costs are likely to increase as climate change accelerates over the century to come."

  • "The effects of climate change should not be considered in isolation. Every state's economy is linked to the economies of surrounding states as well as to the national and global economy. While the economic costs of climate change are predicted to vary significantly from state to state, the negative impacts that regional, national and global markets may experience are likely to affect all states and many sectors."

  • "While some of the benefits from climate change may accrue to individual farms or businesses, the cost of dealing with adverse climate impacts are typically borne by society as a whole. These costs to society will not be uniformly distributed but felt most among small businesses and farms, the elderly and socially marginalized groups."

  • "The costs of inaction are persistent and lasting. Benefits from climate change may be brief and fleeting - for example, climate does not stop changing once a farm benefited from temporarily improved growing conditions. In contrast, costs of inaction are likely to stay and to increase."

  • "Climate models and impact assessments are becoming increasingly refinedYet, little consistency exists among studies to enable 'summing up' impacts and cost figures across sectors and regions to arrive at a comprehensive, state-wide result." More precise modeling will require further research.

    "If there's a single bottom line in all of this research, it's that delaying action on climate change carries a significant cost," says Ruth. "State, local and national leaders will save money in the long-run by adopting a proactive approach."

    The researchers selected the eight states to be analyzed based on the availability of data from prior studies, while avoiding replication of
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  • Contact: Neil Tickner
    ntickner@umd.edu
    301-405-4622
    University of Maryland
    Source:Eurekalert

    Page: 1 2 3 4

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